Is ADA's Role on the Cardano Blockchain Similar to Ethereum's on ERC-20?

– Question From A Crypto Beginner –

Is the role of ADA similar to the concept of “Gas” on the Ethereum blockchain – ADA can be used to confirm transactions on there?

If so, it seems like Cardano is the only blockchain that can offer reasonable transaction fees at the moment, and the Ethereum blockchain will basically never get adoption from large institutions because as the price of ETH goes up, it squeezes everybody on the cost of use unless the ETH miners would have to dramatically reduce the gas fees they collect?

In other words, the fact that ADA’s price is substantially lower than any competitors right now seems like one of it’s biggest strengths for long-term adoption and an eventual explosion in its market cap, no?

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